Sales Decline

1 article

A deserted luxury shopping street in a Middle Eastern city, reflecting the impact of geopolitical turmoil on high-end sales.

Middle East luxury sales drop amid geopolitical turmoil

LVMH's Fashion & Leather Goods business segment, a historical powerhouse, recorded its first year-on-year decline in the first quarter, dropping 9% amidst Middle East geopolitical tensions.

Oliver Dane·April 16, 2026